BHP hints at selling share of NWT mine

Article Abstract:

Broken Hill Pty. Co. Ltd., the Australia-based company that runs the first commercial diamond mine in Canada that does business as BHP Diamonds Inc., has announced that the company is planning to sell a portion of the Ekati diamond mine in the Northwest Territories to big diamonds companies. A senior official of the company said one of the companies that is expected to get a share of the diamond mine is De Beers Consolidated Mines Inc., which owns majority of the world diamond market. The Ekati diamond mines, which is 51%-owned by BHP Diamonds, is expected to produce $400 million of diamonds per year.

Comment:

Says the company is planning to sell portion of Ekati diamond mine in the Northwest Territories to big diamonds companies

Asset sales & divestitures, Gem Diamonds, All Other Nonmetallic Mineral Mining, Diamond industry, Diamond mining, Diamonds, BHP Billiton Ltd., Article

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B.C. mining firms pin hopes on Liberals

Article Abstract:

The mining companies of British Columbia (B.C.) are relying on the Liberals to help them recapture their fortunes after another year of losses and record low spending on mineral exploration. According to a study, the B.C. mining industry would have posted a loss of $248-million in 2000 if it were not for $163-million in additional power-sales revenue from Cominco Ltd.'s Trail smelter.

Sales, profits & dividends, Lead and zinc ores, Lead Ore and Zinc Ore Mining, Lead & Zinc Mines, Finance, Metal industries, Mining industry, Beliefs, opinions and attitudes, Cominco Ltd., CLT, Metal industry, Liberal Party (Canada)

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